German state-owned bank KfW invests €10 million in crypto bonds

the German state-owned bank and digital bond issuer KfW announced an investment of 10 million euros to purchase the blockchain mortgage bond Pfandbrief issued by Berlin Hyp. The bond is Germany's first "encrypted security" issued according to the Electronic Securities Act (eWpG), issued through the SWIAT blockchain platform, without the need for a central securities depository (CSD). It is reported that the purchase transaction was handled by DekaBank as a market maker and custodian, and settlement was completed through over-the-counter trading.